Find the missing value, Show your solution. Simple interest 1. P = $ 1,520; i = 3 ½ % ; N = 2 yrs. 2. P = $ 2,200; I = $ 375 ; N = 4 yrs. 3. P = $ 3,800; I = $ 805 ; i = 7 ½ %
Find the missing value, Show your solution. Simple interest 1. P = $ 1,520; i = 3 ½ % ; N = 2 yrs. 2. P = $ 2,200; I = $ 375 ; N = 4 yrs. 3. P = $ 3,800; I = $ 805 ; i = 7 ½ %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A. Find the missing value, Show your solution. Simple interest
1. P = $ 1,520; i = 3 ½ % ; N = 2 yrs.
2. P = $ 2,200; I = $ 375 ; N = 4 yrs.
3. P = $ 3,800; I = $ 805 ; i = 7 ½ %
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